0850 GMT - Pandora's results are broadly mixed, with 4Q performance in line with expectations but guidance softer than anticipated, RBC Capital Markets analyst Piral Dadhania says in a note. The Danish jeweler reported revenue of 11.97 billion Danish kroner ($1.67 billion) for the final quarter of 2024, up 11% organically on year. Analysts had forecast revenue of 11.85 billion kroner, according to company-compiled consensus. However, the group's guidance of organic revenue growth between 7% and 8% in 2025 is slightly softer than expected, which could prompt low-single-digit earnings revisions, the analyst says. The company expects the EBIT margin target by 2026 at the lower end of the 26% to 27% range, which will likely be received with some caution, Dadhania says. Shares are down 1.3% at 1,356.50 kroner. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 03:50 ET (08:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.